RE:RE:RE:RE:XX and SSC haltedThe Fax Capital disposal I believe happened before the original buyout announcement as they received $1.35/share. I'm thinking it was done privately.
The Logixx business has deteriorated significantly over the last 3 years. Margins sinking, growth plateauing, and just too much competition. Once you take out the higher margin boost it received due to Covid security work it is barely profitable. This is the reason the share price had been in a steady decline before the buyout announcement. They have now fixed this problem and will be sitting with 55 cents/share net cash. There is no logical reason the share price should be trading below where it was before the busted buyout.